Kensington Capital Acquisition Corp. (KCAC): Price and Financial Metrics
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KCAC Price/Volume Stats
|Current price||$9.95||52-week high||$10.65|
|Prev. close||$9.96||52-week low||$9.82|
|Day high||$9.99||Avg. volume||154,693|
|50-day MA||$0.00||Dividend yield||N/A|
|200-day MA||$0.00||Market Cap||286.06M|
Kensington Capital Acquisition Corp. (KCAC) Company Bio
Kensington Capital Acquisition Corp. is a blank check company that focuses on effecting merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. The company was founded in 2020 and is based in Westbury, New York.
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Latest KCAC News From Around the Web
Below are the latest news stories about Kensington Capital Acquisition Corp II that investors may wish to consider to help them evaluate KCAC as an investment opportunity.
Kensington Capital Acquisition Corp. II (NYSE: KCAC) (the "Company") today announced the appointment of Nicole Nason as a new member to the Board of Directors, effective immediately.
The fate of past, very promising technologies makes me wary of investing in Kensington Capital (NYSE:KCAC) at this point. The relatively high valuation of Kensington Capital stock and the recent tech sell-off also gives me pause.Source: Tada Images / Shutterstock.com For the uninitiated, those who buy Kensington Capital will eventually own the shares of battery development start-up QuantumScape.A developer of a new type of batteries for electric vehicles, QuantumScape is currently privately held and is expected to have an enterprise valuation of $3.3 billion when it goes public later this year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAmong the investors in QuantumScape are Volkswagen (OTCMKTS:VWAGY), which has agreed to put over $300 million into the company; Micros...
So far, 2020 has been the year of special purpose acquisition company (SPAC) deals. This is especially true in the electric vehicle (EV) space. And, one of the latest deals to hit the street involves Kensington Capital Acquisition Corp (NYSE:KCAC). The SPAC, or blank-check company, is acquiring privately held QuantumScape. Kensington Capital stock soared on the news. But that's just the start.Source: Shutterstock Sure, rallying more than 90% from where it was pre-merger announcement, this SPAC play looks pricey at first glance. Yet, when you dive into its merger partner, it's clear there's ample potential for shares to move even higher once the deal closes.Why? QuantumScape doesn't build electric vehicles. But, what it does build could be a game-changer for this emerging industry. I'm t...
Early September brought exciting news for investors in Kensington Capital (NYSE:KCAC) stock. The company is initiating a reverse merger with QuantumScape so that the latter becomes a public company. As a result, Kensington Capital stock has more than doubled in a matter of days.Source: Tada Images / Shutterstock.com How does this happen? Kensington Capital is a special purpose acquisition company (SPAC). In other words, it is an investment company without any operations of its own. A SPAC, like Kensington Capital, initially raises public funds for the sole purpose of acquiring a private company, like QuantumScape, which is a renewable energy firm and battery manufacturer.This year has seen SPACs gain attention as alternative means of going public. Today, we will discuss what investors ...
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